Monday, September 26, 2011

Macy's puts downtown Minneapolis office space up for lease - Dayton Business Journal:

andreychukuze.blogspot.com
The listing includes 350,000 squarwe feet on floors six through 10 abovethe Macy’es store on Nicollet Mall, being marketed by Jim Damian i and Bryan Beltrand at Welsh Cos. for Macy’sz Inc. The Macy’s site, once home to Dayton-Hudson Corp., was largel y emptied last fallwhen Cincinnati-baserd Macy’s cut about 1,000 jobs in Minnesota. The Macy’s space enjoyas a prime location — Welsh’se Damiani termed it a site. However, it is an older buildinh with some accessibility issues forthe office-space Macy’s is sandwiched between City Center and IDS near Target and Barnes Noble and across from the headquarters for U.S.
The floors being offered can be accessed by escalatorsxand elevators, but first requird people to walk through Macy’s departmentr store space. Damiani decliner to say if Macy’es planned to invest any money for renovationes prior tolanding tenants. A Macy’s spokeswoman declined to The space available for leased is on floors sixthrough 10, except for an eighth-floor auditoriun that Macy’s plans to keep for its annual holidayu display. The retailer also plans to keep its restauranta operating on the 12th Damiani said. Damiani acknowledged that the space has drawbackdfor access.
He said he’s “reall bullish” that the space will leaswe quickly, as Macy’s plans to seek out back-office -type users. There aren’t many blockzs of space in downtown that have morethan 200,000 square feet of contiguou s space, he added. Damiani said Macy’s would prefed to lease the entire spacd to one or morelarges tenants, but it is willing to cut up the spac e to accommodate smaller ones. It recently responded to a requesr for proposals from a tenant looking foronly 10,000 square feet.

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